Kroger Company (KR)
Payables turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 113,720,000 | 117,948,000 | 119,800,000 | 116,480,000 | 117,875,000 |
| Payables | US$ in thousands | — | 10,381,000 | — | — | 7,119,000 |
| Payables turnover | — | 11.36 | — | — | 16.56 |
January 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $113,720,000K ÷ $—K
= —
The payables turnover ratio measures how efficiently a company manages its payments to suppliers. A higher ratio indicates that the company is paying off its suppliers more quickly.
Analyzing Kroger Company's payables turnover ratio for the given dates, we observe the following:
1. January 28, 2023: The payables turnover ratio is 16.56, indicating that Kroger is making payments to its suppliers approximately 16.56 times during the year.
2. January 31, 2023 and January 31, 2024: The payables turnover ratios are not available (denoted as "—"). It suggests that there may be missing or incomplete data for these periods, making it challenging to assess Kroger's payment efficiency.
3. February 3, 2024: The payables turnover ratio is 11.36, showcasing a decrease from the previous available data point. This decrease could imply that Kroger is taking longer to pay its suppliers compared to the earlier period.
4. January 31, 2025: The payables turnover ratio is not available ("—"), which means the payment efficiency for this period is unknown.
Overall, from the available data points, Kroger's payables turnover ratio fluctuates, with the highest ratio displayed on January 28, 2023. Further information for the missing periods would be essential to provide a comprehensive assessment of Kroger's ability to manage supplier payments efficiently over time.
Peer comparison
Jan 31, 2025